MNB: 2014 rise in corporate lending stock due to SME funding scheme

MNB

The stock of corporate loans stock rose 2.4% in 2014 in the first increase since the crisis, but the rise reflects mainly the long-term forint loans granted in the National Bank of Hungary's Funding for Growth Scheme (FGS), the MNB said in its fresh lending survey today.

Excluding the FGS, the stock of corporate loans fell about 4% last year and loan conditions are excessively tight, the survey found.

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